20:08:00 EDT Wed 30 Sep 2020
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Reconnaissance Energy Africa Ltd
Symbol RECO
Shares Issued 72,138,145
Close 2020-08-24 C$ 0.58
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Reconnaissance appoints Evans CEO

2020-08-25 00:09 ET - News Release

Mr. Doug Allen reports


Reconnaissance Energy Africa Ltd.'s board of directors has appointed Scot Evans as chief executive officer, effective Aug. 24, 2020. He will succeed Jay Park, who will become chairman of the board.

Mr. Evans, most recently the company's chief operating officer, is an energy industry leader with a combined 35 years of experience with Exxon and Halliburton. Prior to joining Reconnaissance in November, 2019, Mr. Evans was vice-president of Halliburton's integrated asset management and technical consulting organizations, where he increased production from 20,000 to over 100,000 barrels of oil equivalent per day, creating the equivalent of a mid-cap upstream oil company. His experience in the United States spans the Permian, Eagle Ford and Monterey plays, and internationally in Algeria, Kuwait, India, Angola, Ecuador and Mexico. He is an expert in developing new field resources.

"With the announcement of the exceptional success of our recent funding initiative, Scot Evans will provide the right balance of leadership, operational and technical excellence as the company now focuses on executing its high-impact drilling program in opening the deep Kavango basin," stated Mr. Park.

The company would like to thank Mr. Park for his valued leadership of Reconnaissance to date. In his role as chairman of the board, the company will continue to benefit from Mr. Park's guidance and depth of knowledge in international oil and gas law.

Reconnaissance is a junior oil and gas company engaged in the opening of the newly discovered deep Kavango sedimentary basin, in northeastern Namibia and northwestern Botswana, where the company holds petroleum licences comprising approximately 8.75 million contiguous acres.

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